How to open an offshore bank account online


Open bank account online

Most offshore banks will allow you to open an account online without you having to personally visit the jurisdiction of your choice.

To open an offshore multi-currency bank account online most banks will require the following documents for both a personal or corporate account.

For a personal account you will need:
1. Filled and signed application form (Normally found online)

2. Due diligence form

3. Online banking form

4. Certified/notarized copy of a valid passport

5. An original utility bill (electric, telephone etc.) issued no more than three months

6. An original personal bank reference, issued on the bank's official letterhead. The letter should include information on the name of the account, type of account, date the account was opened, how the account is conducted and whether the account is in good standing

7. An official letter of reference from a certified accountant or a lawyer who have know you professionallyfor at least two years. 8. Some banks require an initial deposit.


For a corporate account you will need:
1. Filled and signed application form (Normally found online). Must be signed by authorized signatories to the account

2. Due diligence form

3. Online banking form

4. Director and Shareholder’s Declaration Forms

5. Certified/notarized copy of a valid passport of each authorized signatories to the account, director and beneficial owner

6. An original utility bill (electric, telephone etc.) of each beneficial owner, director and signatory issued no more than three months

7. An original personal bank reference, issued on the bank's official letterhead of beneficial owner, director and signatory. The letter should include information on the name of the account, type of account, date the account was opened, how the account is conducted and whether the account is in good standing 8. An official letter of reference from a certified accountant or a lawyer for each beneficial owner, director and signatory. Must be on official letterhead and based on a professional relationship of at least two years.

Company documents you will need:
Certified copy of Certificate of Incorporation
Certified Articles and Memorandum of Association
Certified copy of Share Register
Certified copy of Corporate Resolution of the Appointment of Directors, and Register of Directors.
Certificate of Good Standing (only if the company is 12 months or more) Some banks may require additional documents and each customer is evaluated on a case-by-case basis. You will need to sign additional documents if you require debit or credit cards and other additional services.

While the process may seem tedious most banks will assign a representative to work with you to complete the process quickly.

Time to open an account usually depends on the submission of required documents and verification of documents by the bank.

A prepaid debit card may be a better solution than a bank account. Contact us for more info.

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